ACTIVE

GANDAFAR

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Financial year 2025 · Closed on 31/12/2025

Net result-42,3 k €+12,2 %over 1 year
Gross margin253,4 k €+9,8 %over 1 year
Equity-649,1 k €-7,0 %over 1 year
Workforce2,2 ETP+10,0 %over 1 year

Identity

Source · BCE/KBO

GANDAFAR is a Private limited company incorporated in 1988. Its registered office is in Izegem. It employs on average 2,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0434.323.141
Incorporation
20/05/1988
Legal form
Private limited company
Registered office
Noordkaai 9
8870 Izegem · FlandreSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Average workforce
2,2 ETP
Joint committees (1)
  • 313
Signals
Positive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin253,4 k €230,8 k €5,4 k €73,1 k €103,3 k €
EBITDA96 k €101,1 k €-22,3 k €16,7 k €36,1 k €
Operating result-1,1 k €9,6 k €-80,5 k €-41,4 k €-26,2 k €
Net result-42,3 k €-48,2 k €-118 k €-56,1 k €-35,5 k €
Balance sheet
Equity-649,1 k €-606,8 k €-558,6 k €-440,6 k €-384,4 k €
Total assets857,1 k €929,7 k €458,1 k €501,3 k €653 k €
Cash7,9 k €6,4 k €––5,3 k €
Debts1,5 M €1,5 M €1 M €941,8 k €1 M €
Other
Workforce2,2 ETP2,0 ETP0,9 ETP1,0 ETP1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 13 ended

Active mandates

ALEXO

Chairman of the board of directors · since 01 septembre 2022 · 0870.896.286

Represented by Olivier Delaere

Active
SODIAP

Managing director · since 22 décembre 2020 · 0405.366.364

Represented by Tom Goderis

Active

Ended mandates

ARISTO

Chairman of the board of directors · since 22 décembre 2020 · until 31 août 2022 · 0434.718.564

Represented by Frank Coene

Ended
ARISTO

Chairman of the board of directors · since 22 décembre 2020 · 0434.718.564

Represented by Frank Coene

Ended
Frank Coene

Chairman of the board of directors · since 24 juillet 2013 · until 22 décembre 2020

Ended
Frank Coene

Chairman of the board of directors · since 24 juillet 2013

Ended

Other companies at this address

Noordkaai 9 8870 Izegem
CompanyCBE no.
Apotheek de Lisseweg● Active
0419.097.309
MEDIFAR● Active
0428.055.258
SDC● Active
0400.957.319
SODIAP● Active
0405.366.364

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/05/202617/06/202512/06/202409/06/202307/06/202214/06/2021
General meeting10/04/202611/04/202512/04/202414/04/202308/04/202209/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/04/202612/05/2026DutchPDF
Abridged model31/12/202411/04/202517/06/2025DutchPDF
Abridged model31/12/202312/04/202412/06/2024DutchPDF
Abridged model31/12/202214/04/202309/06/2023DutchPDF
Abridged model31/12/202108/04/202207/06/2022DutchPDF
Abridged model31/12/202009/04/202114/06/2021DutchPDF
Abridged model31/12/201910/04/202007/07/2020DutchPDF
Abridged model31/12/201812/04/201909/07/2019DutchPDF
Abridged model31/12/201713/04/201828/06/2018DutchPDF
Abridged model31/12/201614/04/201710/07/2017DutchPDF
Abridged model31/12/201508/04/201626/08/2016DutchPDF
Abridged model31/12/201410/04/201524/07/2015DutchPDF
Abridged model31/12/201311/04/201430/06/2014DutchPDF
Abridged model31/12/201212/04/201323/08/2013DutchPDF
Abridged model31/12/201113/04/201213/06/2012DutchPDF
Abridged model31/12/201008/04/201106/06/2011DutchPDF
Abridged model31/12/200909/04/201001/06/2010DutchPDF
Abridged model31/12/200820/06/200925/08/2009DutchPDF
Abridged model31/12/200707/06/200830/09/2008DutchPDF
Abridged model31/12/200602/06/200712/10/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 13 ended

Active mandates

ALEXO

Chairman of the board of directors · since 01 septembre 2022 · 0870.896.286

Represented by Olivier Delaere

Active
SODIAP

Managing director · since 22 décembre 2020 · 0405.366.364

Represented by Tom Goderis

Active

Ended mandates

ARISTO

Chairman of the board of directors · since 22 décembre 2020 · until 31 août 2022 · 0434.718.564

Represented by Frank Coene

Ended
ARISTO

Chairman of the board of directors · since 22 décembre 2020 · 0434.718.564

Represented by Frank Coene

Ended
Frank Coene

Chairman of the board of directors · since 24 juillet 2013 · until 22 décembre 2020

Ended
Frank Coene

Chairman of the board of directors · since 24 juillet 2013

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates29/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/01/2021
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/03/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/08/2013
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other30/04/2009
    DIVERSEN
    PDF
  • Mandates15/01/2009
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates06/11/2006
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-42,3 k €↑
  2. 2024
    Annual accounts 2024-48,2 k €↑
  3. 2024
    Name change047 - Gandafar
  4. 2023
    Annual accounts 2023-118 k €↓
  5. 2022
    Annual accounts 2022-56,1 k €↓
  6. 2021
    Annual accounts 2021-35,5 k €↑
  7. 2021
    Name changeGandafar
  8. 2020
    Annual accounts 2020-41,7 k €↑
  9. 2019
    Annual accounts 2019-112,9 k €↓
  10. 2018
    Annual accounts 2018-62,1 k €↑
  11. 2017
    Annual accounts 2017-69,8 k €↓
  12. 2016
    Annual accounts 2016-2,7 k €↑
  13. 2015
    Annual accounts 2015-51,7 k €↓
  14. 2014
    Annual accounts 2014-35,7 k €↓
  15. 2013
    Annual accounts 2013-31,1 k €↑
  16. 2012
    Annual accounts 2012-45,1 k €↓
  17. 2011
    Annual accounts 2011-40,3 k €↑
  18. 2010
    Annual accounts 2010-42,7 k €↑
  19. 2009
    Annual accounts 2009-49,8 k €↓
  20. 2008
    Annual accounts 2008-33,7 k €↓
  21. 2007
    Annual accounts 2007-33,5 k €↓
  22. 2006
    Annual accounts 2006-16,9 k €
  23. 20/05/1988
    IncorporationPrivate limited company